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The 10 States With the Most Wal-Mart Stores. Wal-Mart Stores Inc. (NYSE: WMT) has 4,953 locations in the United States. Of those, 563 are in Texas, the state with the most locations. A look at Wal-Mart store locations shows just how regional the company, which employs over 1.3 million Americans, is. According to a recent 24/7 Wall St. analysis, Wal-Mart is the largest employer in 20 states.
As of Dec. 31, Wal-Mart said that it operates 4,177 stores in the U.S., excluding its Sam's Club warehouse club footprint. Among them are 3,275 supercenters, which average about 182,000 square feet. This is simply too many stores, said Belus Capital Advisors analyst Brian Sozzi. Not only does Wal-Mart need to shutter about 100 of its stores that have consistent same-store sales losses of more than 3 percent, it also needs cut the square footage of its supercenters in half, Sozzi said.